UK Financial Watchdogs Drop Diversity and ‘Name and Shame’ Reforms March 12, 2025 By Sinead Cruise Britain’s top financial regulators have scrapped proposed new rules to boost diversity and inclusion in the industry, and mothballed a...
City of London Hit Harder Than Rest of Economy Since Brexit Vote February 3, 2025 By Tom Rees The City of London, once considered the crown jewel of Britain’s dominant services sector, has performed even worse than the...
UK’s Reeves to Meet Key Financial Services Sectors January 21, 2025 British finance minister Rachel Reeves said on Monday she would meet representatives from key financial services sectors, such as banking...
Reeves’ Pressure on UK Watchdogs Spooks Financial Crisis Veterans January 16, 2025 By Laura Noonan and Upmanyu Trivedi The UK’s push to deregulate its way to growth has got veterans of the last financial crisis worried that it’s...
Identities of Shadow Banks That Use New BOE Tool to Remain Secret December 9, 2024 By Philip Aldrick and Greg Ritchie The Bank of England will hide the identities of any pension funds, insurers or hedge funds bailed out under a...
Accused of Going Too Far, UK Finance Regulator Plots Where to Go Next November 20, 2024 The UK’s top financial regulator has spent much of its eleven-year history in combat with the industry it oversees, a...
Crisis-Era Regulation Has ‘Gone Too Far,’ Reeves Tells Finance Sector November 15, 2024 By Sinead Cruise Finance minister Rachel Reeves on Thursday promised a reboot of regulation governing Britain’s “crown jewel” financial industry which she said...
City of London Chief Says Brexit ‘Disaster’ Cost 40,000 Finance Jobs October 16, 2024 By John O'Donnell, Elisa Martinuzzi and Andy Bruce Britain’s departure from the European Union cost London’s financial center about 40,000 jobs, the Lord Mayor of the City of...
Fresh Appetite for Risk Can Help Arrest Britain’s Downward Spiral, Think Tank Says October 11, 2024 By Kirstin Ridley Britain’s decade-long economic downward spiral could be reversed with a fresh appetite for risk that might help boost annual investment...
UK Business Group Says Tax Clarity Needed at Budget to Support Investment October 8, 2024 By David Milliken British finance minister Rachel Reeves needs to strike a positive tone at her first budget on Oct. 30 in order...